AllUnity launches Swedish krona stablecoin SEKAU under MiCA

AllUnity has officially launched SEKAU, a Swedish krona-backed stablecoin issued as an e-money token under the European Union’s Markets in Crypto-Assets (MiCA) regulation. The token is backed 1:1 by segregated fiat reserves managed by Banking Circle, with additional support from Marginalen Bank and Trust Anchor Group. By providing a regulated, native digital version of the Swedish krona, the initiative aims to facilitate institutional settlement, cross-border payments, and treasury flows. The stablecoin is currently available on Ethereum, Solana, Base, Tempo, and Polygon, with plans for further network expansion throughout 2026. This launch marks a significant development for the RWA market, as it addresses the dominance of dollar-backed stablecoins by offering a compliant, non-dollar alternative for European markets. Holders benefit from a statutory right of redemption at par value, ensuring transparency and security under the MiCA framework. This move expands AllUnity’s existing portfolio of EURAU and CHFAU tokens, signaling a broader trend of European institutions transitioning from stablecoin research to active, regulated deployment.